Atb Cap Markets Weighs in on Cardinal Energy FY2024 Earnings

Cardinal Energy Ltd. (TSE:CJ) – Atb Cap Markets upped their FY2024 earnings per share (EPS) estimates for shares of Cardinal Energy in a research note issued on Wednesday, January 15th. Atb Cap Markets analyst A. Arif now anticipates that the company will earn $0.68 per share for the year, up from their prior estimate of $0.66. The consensus estimate for Cardinal Energy’s current full-year earnings is $0.63 per share. Atb Cap Markets also issued estimates for Cardinal Energy’s Q4 2024 earnings at $0.16 EPS, Q4 2025 earnings at $0.12 EPS, FY2026 earnings at $0.43 EPS and FY2027 earnings at $0.26 EPS.

Cardinal Energy (TSE:CJ) last announced its earnings results on Thursday, November 7th. The company reported C$0.16 EPS for the quarter, missing the consensus estimate of C$0.24 by C($0.08). Cardinal Energy had a net margin of 22.78% and a return on equity of 12.73%.

Several other research firms have also issued reports on CJ. CIBC reduced their target price on Cardinal Energy from C$8.75 to C$8.00 in a report on Friday, November 8th. BMO Capital Markets upped their price objective on Cardinal Energy from C$7.00 to C$7.50 in a research note on Tuesday, January 14th.

Cardinal Energy Trading Down 1.9 %

Shares of CJ stock opened at C$6.59 on Monday. The company has a debt-to-equity ratio of 9.04, a quick ratio of 0.67 and a current ratio of 0.73. The company has a market capitalization of C$1.05 billion, a price-to-earnings ratio of 9.03, a PEG ratio of -0.26 and a beta of 2.81. Cardinal Energy has a 52-week low of C$5.98 and a 52-week high of C$7.38. The company has a 50-day simple moving average of C$6.50 and a two-hundred day simple moving average of C$6.60.

Cardinal Energy Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.72 annualized dividend and a dividend yield of 10.93%. Cardinal Energy’s payout ratio is currently 98.63%.

Insider Buying and Selling

In other Cardinal Energy news, Senior Officer Kenneth Cory Lee Younger sold 12,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of C$6.90, for a total transaction of C$82,800.00. Also, Director M. Scott Ratushny bought 10,000 shares of the company’s stock in a transaction on Friday, December 20th. The shares were bought at an average price of C$6.12 per share, for a total transaction of C$61,160.00. In the last quarter, insiders have purchased 137,650 shares of company stock valued at $852,718. 23.38% of the stock is owned by company insiders.

Cardinal Energy Company Profile

Cardinal Energy Ltd. engages in the acquisition, development, optimization, and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Cardinal Energy Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.